Robinson Capital Management LLC Buys 265,274 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Robinson Capital Management LLC boosted its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 902,947 shares of the financial services provider's stock after buying an additional 265,274 shares during the quarter. Putnam Municipal Opportunities Trust accounts for about 3.3% of Robinson Capital Management LLC's holdings, making the stock its 7th biggest holding. Robinson Capital Management LLC owned approximately 2.65% of Putnam Municipal Opportunities Trust worth $9,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PMO. UMB Bank n.a. purchased a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $28,000. Financial Network Wealth Management LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $115,000. Moody National Bank Trust Division purchased a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $119,000. Summit Trail Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $128,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Trading Down 0.2 %

Shares of NYSE PMO traded down $0.03 during midday trading on Friday, hitting $10.12. The company's stock had a trading volume of 65,217 shares, compared to its average volume of 89,264. The business's fifty day simple moving average is $9.99 and its two-hundred day simple moving average is $10.10. Putnam Municipal Opportunities Trust has a 1 year low of $8.57 and a 1 year high of $10.57.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a $0.035 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.42 annualized dividend and a yield of 4.15%.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.